Federal Regulation of Lobbying Net Amendment

Federal Regulation of Lobbying Act Amendments - Provides that statements of accounts filed in accordance with the Federal Regulation of Lobbying Act shall be filed with the Comptroller General of the United States. Provides that such statements shall be preserved by the Comptroller General for a period of five years. Sets forth the powers and duties of the Comptroller General as the agent of Congress with respect to the administration of this Act.

Expands the coverage of the Act to include those persons or organizations having as a substantial purpose the influence of legislation. Includes within the coverage of the Act persons or organizations who expend money or any other thing of value exceeding $1,000 for each endeavor which has as its purpose the passage or defeat of legislation before the Congress by direct communication with the Congress.

Requires full disclosure of contingent fee arrangements. Exempts the broadcast media from the registration requirement of the Act. Repeals the section of the Act which prohibits an individual from engaging in lobbying activities within three years of his conviction under the Act.